Barclays Maintains Underweight on AudioCodes, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ryan Macwilliams has maintained an Underweight rating on AudioCodes (NASDAQ:AUDC) and reduced the price target from $12 to $10.
May 08, 2024 | 6:00 pm
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Barclays has maintained an Underweight rating on AudioCodes and lowered the price target from $12 to $10.
The reduction in price target by Barclays, accompanied by an Underweight rating, suggests a bearish outlook on AudioCodes by the analyst. This could potentially lead to a negative short-term impact on the stock price as market participants react to the analyst's expectations of underperformance.
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IMPORTANCE 90
RELEVANCE 100